The Bancorp Receives Letter from Nasdaq Regarding its June 30, 2015 Form 10-Q Filing

WILMINGTON, Del.--(BUSINESS WIRE)--

The Bancorp, Inc. TBBK ("the Company") today announced that it received a letter from the NASDAQ Stock Market LLC ("Nasdaq") advising the Company that because it had not yet filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2015 (the "Second Quarter 10-Q") and has remained delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the "Form 10-K") and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 (the "First Quarter 10-Q" and together with the Second Quarter 10-Q, the "Forms 10-Q"), the Company was not in compliance with Nasdaq's Listing Rule 5250(c)(1).

Previous notices of non-compliance from Nasdaq with respect to the Form 10-K and First Quarter 10-Q were discussed in the Company's Current Reports on Form 8-K filed April 1, 2015, May 11, 2015 and June 26, 2015. See also the Company's Current Report on Form 8-K filed August 7, 2015 (the "August 8-K"). On August 14, 2015 the Company submitted to Nasdaq its plan to regain compliance, which covered the Form 10-K and the Forms 10-Q. As set forth in the plan, the Company expects to file the Form 10-K and the Forms 10-Q on or before September 8, 2015, and thereby regain compliance with Nasdaq Listing Rule 5250(c)(1).

About The Bancorp

With operations in the U.S. and Europe, The Bancorp TBBK is dedicated to setting a new standard in financial services and payments innovation. The Bancorp specializes in providing private-label banking and technology solutions for non-bank companies ranging from entrepreneurial start-ups to those on the Fortune 500. The Bancorp Bank, one of The Bancorp's financial institutions, has been recognized as a National Preferred SBA Lender, a top custodian of Health Savings Accounts, a top ACH Originator, one of the nation's largest credit card transaction acquirers and is the leading issuer of prepaid cards. For more information please visit www.thebancorp.com.